M&A Deal Summary

Hammerson and Palm Promotion Acquire Groupe Financiere Duval

On July 10, 2007, Hammerson and Palm Promotion acquired real estate company Groupe Financiere Duval for 30M EUR

Acquisition Highlights
  • This is Hammerson’s 4th and Palm Promotion’s 1st transaction in the Real Estate sector.
  • This is Hammerson’s 6th and Palm Promotion’s 0th largest (disclosed) transaction.
  • This is Hammerson’s 2nd and Palm Promotion’s 1st transaction in France.

M&A Deal Summary
Date 2007-07-10
Target Groupe Financiere Duval
Sector Real Estate
Buyer(s) Hammerson
Palm Promotion
Deal Type Joint Venture
Deal Value 30M EUR

Target

Groupe Financiere Duval

France
website
Groupe Financiere Duval constructs,operates,develops in real estate services.The company designs and constructs commercial facilities, corporate buildings and logistics platforms, mixed operations in town centers, and housing and tourist accommodation properties, as well as homes for the elderly and public-private partnership operations.

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Buyer(S) 2

Buyer

Hammerson

London, United Kingdom

website

Category Company
Sector Real Estate
Employees320
Revenue 126M GBP (2022)
DESCRIPTION

Hammerson is a provider high-quality retail property. Our vision is to be the best owner-manager and developer of retail property within Europe. We focus on winning locations: prime regional shopping centres, convenient retail parks and premium designer outlet villages. Hammerson is based in London, United Kingdom.

DEAL STATS #
Overall 4 of 7
Sector (Real Estate) 4 of 7
Type (Joint Venture) 1 of 3
Country (France) 2 of 3
Year (2007) 1 of 1
Size (of disclosed) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-02 LxB Holdings

London, United Kingdom

LxB Holdings Limited,a property company specialising in out-of-town retail property. Each of the properties has an open A1 planning consent.

Buy £425M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-11 SQY Ouest

Yvelines, France

SQY Ouest is a modern retail and leisure scheme developed in 2005. Located 20 km south west of Paris.SQY Ouest benefits from good transport links and has over 45 retailers on four floors, including international brands.

Buy €38M
Buyer

Palm Promotion

Titusville, France

website

Category Company
Sector Real Estate
DESCRIPTION

Palm Promotion is the historical society property development group In 2009, merged with Palm Promotion Bati Conseil Immobilier SEDAF and the other two real estate development companies in the Group.

DEAL STATS #
Overall 1 of 1
Sector (Real Estate) 1 of 1
Type (Joint Venture) 1 of 1
Country (France) 1 of 1
Year (2007) 1 of 1
Mergr

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